British Prime Minister David Cameron will on Monday defend his decision to veto a new European Union treaty after the move triggered fury among his Liberal Democrat coalition partners. But it is an uphill challenge to prove that Britain's interests has been served by isolating the country from the rest of Europe. Cameron will try to prove in Parliament that Britain had to wield its veto at Friday's EU summit in Brussels in order to protect its crucial financial services sector. The question is, may Britain survive financially and be competitive in trade with a hostile European market?
British PM to defend EU veto amid coalition crisis
London, Dec. 12.─ British Prime Minister David Cameron will on Monday defend his decision to veto a new European Union treaty after the move triggered fury among his Liberal Democrat coalition partners. Amid the most serious crisis yet faced by the coalition, Cameron will tell lawmakers that Britain had to wield its veto at Friday's EU summit in Brussels in order to protect its crucial financial services sector. He will likely receive a hero's welcome from eurosceptic lawmakers in his Conservative party during the House of Commons statement, delighted their leader has shown "bulldog spirit". But the reaction from his junior coalition partners, the pro-Europe Liberal Democrats, will be far more hostile after tensions escalated dramatically at the weekend. Deputy Prime Minister Nick Clegg, the Lib Dem leader, on Sunday vented the anger felt by many in his party when he warned Cameron the veto risked leaving Britain "isolated and marginalised" in the EU. After initially backing the veto, former European lawmaker Clegg broke ranks and launched a scathing attack on his Tory boss …
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